EXHIBITS

 

 

Exhibit Number

 

Page

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Copies of the disclosure letters that PLDT Inc. (the “Company”) filed on August 12, 2025 with the Philippine Stock Exchange and the Philippine Securities and Exchange Commission in connection with the following matters:

 

(a)
Press release in connection with the Company’s unaudited consolidated financial results for the six (6) months ended June 30, 2025;

 

(b)
Consolidated Statements of Financial Position as at June 30, 2025 and December 31, 2024 in connection with the Company’s press release;

 

(c)
Declaration of a regular cash dividend of P48.00 per outstanding share of Common Stock of the Company payable on September 10, 2025 to the holders of record as of August 28, 2025.

 

The cash dividend was declared out of the unaudited unrestricted retained earnings of the Company as at June 30, 2025, which are sufficient to cover the total amount of dividend declared;

 

(d)
Declaration of a cash dividend of P12,420,000.00 on all of the outstanding shares of Series IV Cumulative Non-Convertible Redeemable Preferred Stock of the Company for the quarter period ending September 15, 2025 and payable on September 15, 2025 to the holder of record as of August 26, 2025.

 

The cash dividend was declared out of the unaudited unrestricted retained earnings of the Company as at June 30, 2025, which are sufficient to cover the total amount of the dividend declared; and

 

(e)
Declaration of a cash dividend of P2,437,500.00 on all of the outstanding shares of Voting Preferred Stock of the Company for the quarter period ending October 15, 2025 and payable on October 15, 2025 to the holder of record as of September 15, 2025.

 

The cash dividend was declared out of the unaudited unrestricted retained earnings of the Company as at June 30, 2025, which are sufficient to cover the total amount of the dividend declared.

 

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August 12, 2025

 

The Philippine Stock Exchange, Inc.

6/F Philippine Stock Exchange Tower

28th Street corner 5th Avenue

Bonifacio Global City, Taguig City

 

Attention: Atty. Johanne Daniel M. Negre

Officer-in-Charge – Disclosure Department

 

 

Securities & Exchange Commission

7907 Makati Avenue, Salcedo Village,

Barangay Bel-Air, Makati City

 

Attention: Atty. Oliver O. Leonardo

Director – Markets and Securities Regulation Department

 

Dear All:

 

In compliance with PSE’s Revised Disclosure Rules, we submit herewith the press release of PLDT Inc. (the “Company”) in connection with the Company’s unaudited consolidated financial results for the six (6) months ended June 30, 2025.

 

This submission shall also serve as our compliance with Section 17.1 of the Securities Regulation Code regarding the filing of reports on significant developments.

 

 

Very truly yours,

 

 

/s/Mark David P. Martinez

Mark David P. Martinez

Assistant Corporate Secretary

PLDT Inc.

 

 

 

 

 

 

 

 

 

 

 

 


 

COVER SHEET

 

SEC Registration Number

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5

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Company Name

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Principal Office (No./Street/Barangay/City/Town/Province)

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Form Type

 

 

 

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Secondary License Type, If Applicable

 

 

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COMPANY INFORMATION

 

Company’s Email Address

 

Company’s Telephone Number/s

 

Mobile Number

 

 

 

 

88168553

 

 

 

 

 

No. of Stockholders

 

Annual Meeting
Month/Day

 

Fiscal Year
Month/Day

 

 

 11,326

As of July 31, 2025

 

Every 2nd Tuesday of June

 

December 31

 

CONTACT PERSON INFORMATION
The designated contact person MUST be an Officer of the Corporation

Name of Contact Person

 

Email Address

 

Telephone Number/s

 

Mobile Number

Marilyn A. Victorio-Aquino

 

mvaquino@pldt.com.ph

 

82500254

 

 

 

Contact Person’s Address

MGO Building, Legaspi St. corner Dela Rosa St., Makati City

 

Note: In case of death, resignation or cessation of office of the officer designated as contact person, such incident shall be reported to the Commission within thirty (30) calendar days from the occurrence thereof with information and complete contact details of the new contact person designated.

 


SECURITIES AND EXCHANGE COMMISSION

 

 

CURRENT REPORT UNDER SECTION 17

OF THE SECURITIES REGULATION CODE

AND SRC RULE 17.1

 

 

 

1.
August 12, 2025

Date of Report (Date of earliest event reported)

 

2.
SEC Identification Number: PW-55

 

3.
BIR Tax Identification No. 000-488-793

 

4.
PLDT Inc.

Exact name of issuer as specified in its charter

 

5. PHILIPPINES 6.____________ (SEC Use Only)

Province, country or other jurisdiction Industry Classification Code

of Incorporation

 

7. Ramon Cojuangco Building, Makati Avenue, Makati City 1200

Address of principal office Postal Code

 

8. (632) 8250-0254

Issuer's telephone number, including area code

 

9. Not Applicable

Former name or former address, if changed since last report

 

10.
Securities registered pursuant to Sections 8 and 12 of the Securities Regulation Code and Sections 4 and 8 of the Revised Securities Act

 

Title of Each Class

Number of Shares of Common Stock

Outstanding and Amount of Debt Outstanding

________________________________________________________________

________________________________________________________________

________________________________________________________________


11. Item 9 (Other Events)

 

We disclose that at the meeting of the Board of Directors of PLDT Inc. (respectively, the “Board” and the “Company”) held on August 12, 2025, the Board approved the Company’s unaudited consolidated financial results for the six (6) months ended June 30, 2025.

 

A copy of the press release is attached herewith.

 

Pursuant to the requirements of the Securities Regulation Code, the Company has duly authorized and caused this report to be signed on its behalf by the undersigned.

 

 

PLDT Inc.

 

 

By:

 

/s/Mark David P. Martinez

Mark David P. Martinez

Assistant Corporate Secretary

 

August 12, 2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


CONSOLIDATED GROSS SERVICE REVENUES ROSE 3%
TO ₱106.3 B IN 1H 2025

 

NET SERVICE REVENUES STABLE AT ₱97.1 B

NET SERVICE REVENUES UP 3% (EXCLUDING LEGACY DRAG)

 

DATA/BROADBAND ACCOUNT FOR 85% OF SERVICE REVENUES, AT ₱82.2B

 

CONSOLIDATED EBITDA 3% HIGHER AT ₱55.5 B

EBITDA MARGIN STEADY AT 52%

 

1H 2025 TELCO CORE INCOME AT ₱17.2 B

CORE INCOME UP 1% ON YEAR AT ₱17.6 B
 

INDIVIDUAL WIRELESS REVENUES AT ₱42.3 B

MOBILE DATA REVENUES STEADY AT ₱37.4 B

ACTIVE MOBILE DATA USERS AT 41.6 M

 

FIBER-ONLY REVENUES ROSE 7% TO ₱29.5 B

FIBER MADE UP 97% OF TOTAL HOME REVENUES OF ₱30.4 B

 

ENTERPRISE REVENUES AT ₱23.5 B

CORP DATA/ICT REVENUES AT ₱17.4 B

 

PLDT SECURED SPOT IN INAUGURAL FORTUNE SOUTHEAST ASIA 500

 

PLDT SUBMITS COMMUNICATION ON PROGRESS

TO THE UNITED NATIONS GLOBAL COMPACT

 

PLDT INCLUDED IN FTSE4GOOD INDEX SERIES –

ESG SCORE HIGHER THAN AVERAGE OF GLOBAL TELCO INDUSTRY

AND MOBILE TELECOMS SECTOR

 

PLDT’S ₱2-B SOCIAL LOAN WINS THE ASSET MAGAZINE’S ‘SOCIAL INFRASTRUCTURE DEAL OF THE YEAR’ AWARD

 

PLDT PARTNERS WITH MPOWER TO INCREASE ACCESS

TO RENEWABLE ENERGY SOURCES

 

MANILA, Philippines 12th August 2025 – PLDT Inc. (“PLDT”) (PSE: TEL) (NYSE: PHI) reported a 3% rise (₱2.9 billion) in Gross Service Revenues to ₱106.3 billion, while Consolidated Service Revenues (net of interconnect costs) held steady at ₱97.1 billion in the first six months of 2025. Data and broadband, which grew by ₱1.3 billion to ₱82.2

 


billion, accounted for 85% of Consolidated Service Revenues. Excluding legacy drag, Consolidated Service Revenues were higher by 3% year-on-year.

 

Consolidated EBITDA grew by 3%, or ₱1.6 billion to ₱55.5 billion in the same period. EBITDA margin remained steady at 52% despite pressures from rising costs, which were tightly managed.

Telco Core Income, which excludes the impact of asset sales and gains from Maya Innovations Holdings, reached ₱17.2 billion, lower by 4% or ₱0.8 billion from the same period last year. However, overall core income edged up Year on Year at ₱17.6 billion supported by Maya’s positive contribution. For the first half of 2025, PLDT’s equity share in Maya’s core income stood at ₱406 million, a ₱1.1 billion reversal from last year’s losses. Reported Income for the first half of 2025 was at ₱18.1 billion, softening by 1%.

 

“Our results for the first half of 2025 show the resilience of our business and the strength of our people. We continue to invest in the future — expanding our network, enhancing customer experience, and driving innovation across our businesses. In a challenging environment, we remain committed to delivering value to our customers, shareholders, and the country,” said Manuel V. Pangilinan, PLDT and Smart Chairman and CEO.

 

Consolidated Net Debt as of end-June 2025 amounted to ₱282.6 billion, while Net Debt-to-EBITDA stood at 2.57x. Gross Debt was at ₱293.8 billion, with maturities well spread out. 13% of Gross Debt is denominated in U.S. dollars while 5% of total debt is unhedged. PLDT’s credit ratings from Moody’s and S&P Global remain at investment grade.

 

PLDT was recognized in the inaugural 2025 Fortune Southeast Asia 500, securing the 95th spot among the region’s largest companies ranked by revenue. PLDT’s inclusion in this list highlights the company’s continued leadership and operational excellence in the telecommunications industry, reflecting its strong financial performance, strategic growth, and sustained commitment to delivering value to stakeholders.

 

Individual Wireless: 5G drives growth

 

PLDT’s Individual Wireless segment generated revenues of ₱42.3 billion in the first six months of 2025, maintaining resilience amid competitive market dynamics.

Data revenues held steady year-on-year at ₱37.4 billion. Mobile data now constitutes 89% of the segment’s total revenues, reflecting the continuing trend towards digital lifestyles.

Active data users stood at 41.6 million at the end of June 2025. Additionally, mobile data traffic saw healthy growth, rising by 5% year-on-year, driven by 5G growth.

 

 


5G momentum surged, with traffic up 84% from the same period last year while 5G devices jumped 46% quarter-on-quarter. The lift was driven by efforts at 5G network expansion, 5G device adoption and 5G usage offers.

 

PLDT's wireless subscriber base remains strong, with Smart and TNT serving over 59 million mobile subscribers as of end-June 2025.

 

PLDT Home: Continued growth driven by Fiber business

 

PLDT Home continued its strong performance in the first half of 2025, maintaining leadership in the Fixed Broadband market. Home’s fiber-only revenues reached ₱29.5 billion, reflecting a solid 7% year-on-year growth, or ₱2.0 billion higher than the same period in 2024. Fiber now contributes 97% of PLDT Home’s total revenues of ₱30.4 billion, up from 92% a year ago.

 

PLDT Home delivered the highest average revenue per user (ARPU) in the industry at ₱1,485, underscoring strong customer loyalty and trust, as well as sustained value delivery.

 

Subscriber growth remained robust, with total fiber subscribers reaching 3.53 million as of end-June 2025. This was driven by 169k fiber net additions during the period. Notably, well over 80% of new customers chose higher-value broadband plans, reflecting Filipino households’ growing appetite for premium connectivity.

 

PLDT Home continues to expand its reach through Fiber Prepaid, widening Filipinos’ access to a reliable and unlimited fiber service that fits their budget. This segment has seen encouraging early traction, particularly in high-density urban communities and emerging cities.

 

Complementing these efforts is PLDT Home’s “Always On” broadband service - a next generation fiber service designed to keep customers connected during unplanned fiber outages.

PLDT Home’s continued momentum is likewise fueled by the ongoing expansion of its fiber footprint, increasing demand for high-speed connectivity, and the growing popularity of value-added offers that elevate the customer experience.

 

PLDT Enterprise: Enabling Digital Readiness with Scalable Network and AI-Powered Solutions

 

PLDT Enterprise, the corporate business group of PLDT, posted revenues of ₱23.5 billion in the first half of 2025, driven by strong demand for connectivity and integrated ICT solutions across corporations, public sector entities, and MSMEs.

 

 

 


Fixed data services grew with strong deal closures, particularly in SDWAN, which rose 19% as enterprises embraced secure network architectures. International data revenues also increased by 7%, with global hyperscalers scaling operations in the Philippines to meet regional demand.

 

Wireless revenue gains were driven by a 23% increase in messaging solutions, reflecting ongoing digital transactions, and IoT revenues, which grew by 19% as enterprises adopted connected solutions for enhanced operational visibility and decision-making.

 

ePLDT and VITRO Inc. recorded ₱3.1 billion in combined revenues, a 15% increase from the previous year. ePLDT’s growth was fueled by demand for multi-cloud and cybersecurity solutions across key sectors.

 

This year, ePLDT launched its GPU-as-a-Service (GPUaaS) offering to address the AI infrastructure gap, hosted locally at VITRO Sta. Rosa, the country’s first AI-ready hyperscale data center. VITRO also saw a 36% increase in colocation revenues, driven by financial institutions, public sector clients, and hyperscalers.

 

PLDT is also deploying Mobile Private Networks (MPNs) for mining, logistics, and manufacturing clients to enhance safety and connectivity. The company is piloting 5G Standalone (SA) technologies, including network slicing and low-latency edge applications.

 

PLDT Enterprise likewise joined the GSMA Open Gateway initiative, achieving certification for Number Verification APIs, which help advance fraud protection beyond one-time password (OTP) systems.

 

Additionally, PLDT continued its collaboration with Multisys Technologies, driving a 10% year-on-year growth in software-integrated solutions. These solutions, including enterprise portals and business support systems, empower organizations to modernize their operations and scale efficiently in an increasingly digital landscape.

 

Network

 

The PLDT Group’s fiber footprint remains the most extensive in the Philippines at around 1.2 million cable kilometers. Homes passed reached 19.01 million in 74% of the country’s towns and 91% of total provinces. Smart’s combined 5G/4G network covers around 97% of the population.

 

In March 2025, PLDT launched its Davao Cable Landing Station to support incoming international cable systems. The station will accommodate the APRICOT system. APRICOT is designed to improve network resiliency by avoiding the seismically active Luzon Strait and Bashi Channel. It features two new Philippine landing points—Baler in the North and Davao in the South—supported by newly constructed cable landing

 


stations. Once fully operational, APRICOT is expected to increase PLDT’s international capacity by up to 33%, bringing total capacity to over 140 Tbps. This expansion enhances the geographic diversity, resilience, and throughput of the company’s global connectivity ecosystem.

Capex for the first half of 2025 amounted to ₱27.4 billion, compared with ₱35.1 billion in the previous year. Capex intensity ratio (capex as a percentage of service revenues) landed at 26%, versus 34% in the same period last year. Full-year Capex guidance is now lower at ₱63 billion (originally ₱68–73 billion) due to more favorable pricing and successfully negotiated terms with vendors.

Strong Ecosystem Play Drives Maya’s Sustained Growth and Profitability

 

Maya, the Philippines’ leading fintech ecosystem, delivered sustained growth and profitability in the second quarter of 2025, fueled by its unique integration of digital banking, payments, and credit across consumer and enterprise segments.

 

As of end-June 2025, Maya’s bank customer base reached 8.2 million (+101% YoY), with deposits rising to ₱50.4 billion (+54% YoY). Loan disbursements hit ₱32 billion in Q2 2025 alone (+147% YoY), bringing total disbursals to ₱152 billion since the launch of Maya Bank. Maya posted a net income of ₱582 million in Q2 2025—a 60% increase vs. Q1 and a strong turnaround from ₱739 million net loss in Q2 2024—driven by sustained topline growth and disciplined OPEX management.

 

Maya continues to use the full potential of its ecosystem to build momentum. A key milestone is the recent full launch of Maya Black, a premium digital credit card, alongside Maya Black Preferred, a merchant-linked rewards program now spanning 600 merchant doors nationwide. Users earn up to 10x rewards when spending within the ecosystem—driving deeper engagement for consumers and businesses alike. Maya is the first and only digital bank in the Philippines to offer credit cards and has issued over 230,000 cards since August 2024—many to first-time cardholders.

 

Maya is also expanding credit access through partnerships with Landers, Pepsi-Cola Products Philippines, Inc., Tala, and JuanHand—leveraging its digital banking infrastructure to reach more consumers, agents, and MSMEs.

 

Separately, Maya’s strategic collaboration with Philippine Airlines continues to enhance the customer experience by providing more seamless travel and loyalty benefits within the app.

 

On the enterprise front, Maya remains the #1 merchant acquirer in the country, leading in both card payment processing and QRPH person-to-merchant payments. Its Maya Business platform continues to serve large enterprises and MSMEs with unified tools for payment acceptance, deposits, and loans.

 

 


Maya expects to see continued momentum in bringing financial inclusion to the Filipinos in the second half of 2025.

 

Sustainability

The PLDT Group advanced its environmental, social, and governance (ESG) commitments in the first half of 2025, focusing on measurable impact and strong partnerships.

 

PLDT earned its sixth consecutive inclusion in the FTSE4Good Index Series, with scores exceeding global telecommunications averages. It also won the local showcase of the United Nations Global Compact (UNGC) Sustainable Development Goals Innovation Accelerator and received “Social Infrastructure Deal of the Year” from Asset Magazine for its ₱2-billion social loan funding fiber expansion to underserved municipalities.

 

Following the release of its 2024 Annual and Sustainability Report, PLDT also published Human Rights, Gender Equality, and Materiality and Impact Assessment reports—reinforcing transparency and alignment with global best practices.

 

Across the MVP Group, synergies are driving operational efficiency and decarbonization. Through a collaboration with Meralco’s retail electricity unit MPower, PLDT is increasing renewable energy sourcing for network sites and key facilities nationwide. Its reforestation program with Maynilad continues to restore critical watersheds, supporting water security and biodiversity. Nationwide, PLDT’s e-waste program has recovered over 26 metric tons since 2023.

 

The Group actively engages in government and multi-sector programs. With the Department of Environment and Natural Resources, PLDT participates in national biodiversity conservation efforts. In climate resilience, it supports the Department of Science and Technology’s hazard-based forecasting and early warning initiatives.

 

On child protection, PLDT and Smart were recognized by SaferKidsPH and the Australian Embassy for programs combating online sexual exploitation of children (OSAEC), complemented by ongoing work with the Department of Justice to strengthen national strategies and industry safeguards.

 

PLDT also deepened its commitment to diversity and inclusion as a Governing Council member of the Philippine Business Coalition for Women Empowerment, promoting women’s economic participation and inclusive workplace practices.

 

Through these initiatives, PLDT integrates sustainability into its core operations—driving shared value, advancing national priorities, and helping build a more resilient and inclusive digital future for the Philippines.

 


In the first half of 2025, the PLDT Group advanced programs in internet safety, disaster resilience, education, livelihood, and inclusion—benefiting thousands of Filipinos nationwide.

Cybersecurity and child online protection campaigns reached schools and communities, while disaster resilience efforts strengthened emergency communications planning in key regions. Education initiatives brought digital tools and teacher training to underserved learners. The company likewise supported the Department of Education's nationwide rollout of the CVIF-Dynamic Learning Program, an innovative teaching strategy that promotes independent learning.


The new AI in a Box program introduced AI tools to over 1,100 people from diverse sectors, while livelihood projects equipped farmers and women leaders with skills to grow in the digital economy.

 

Conclusion

 

“As we look ahead, our focus is on strengthening our business so it can better serve the country’s progress. Every improvement we make—whether in efficiency, innovation, or coverage—is part of the larger work of empowering communities and supporting the Philippines’ growth in a fast-moving world,” said Pangilinan.

 

X X X

This press release may contain some statements which constitute “forward-looking statements” that are subject to a number of risks and opportunities that could affect PLDT’s business and results of operations. Although PLDT believes that expectations reflected in any forward-looking statements are reasonable, it can give no guarantee of future performance, action or events.

 

For further information, please contact:

      Jinggay N. Nograles

     Sarah Azucena-Reodica

 

pldt_ir_center@pldt.com.ph

corpcomm@pldt.com.ph

 

 

 

About PLDT

PLDT is the Philippines' largest fully integrated telco company. Through its principal business groups — from fixed line to wireless — PLDT offers a wide range of telecommunications and digital services across the Philippines’ most extensive fiber optic backbone, and fixed line and cellular networks.

PLDT is listed on the Philippine Stock Exchange (PSE:TEL) and its American Depositary Shares are listed on the New York Stock Exchange (NYSE:PHI). PLDT has one of the largest market capitalizations among Philippine — listed companies.

 

Further information can be obtained by visiting www.pldt.com

 

 

 


COVER SHEET

SEC Registration Number

 

P

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5

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Company Name

 

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Principal Office (No./Street/Barangay/City/Town/Province)

 

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Form Type

Department requiring the report

Secondary License Type, If Applicable

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COMPANY INFORMATION

 

Company’s Email Address

 

Company’s Telephone Number/s

 

Mobile Number

 

 

88168553

 

 

 

No. of Stockholders

 

Annual Meeting Month/Day

 

Fiscal Year Month/Day

11,326

As of July 31, 2025

 

Every 2nd Tuesday of June

 

December 31

 

CONTACT PERSON INFORMATION

The designated contact person MUST be an Officer of the Corporation

 

Name of Contact Person

 

Email Address

 

Telephone Number/s

 

Mobile Number

Marilyn A. Victorio-Aquino

 

mvaquino@pldt.com.ph

 

82500254

 

 

 

Contact Person’s Address

MGO Building, Legaspi St. corner Dela Rosa St., Makati City

 

Note: In case of death, resignation or cessation of office of the officer designated as contact person, such incident shall be reported to the Commission within thirty (30) calendar days from the occurrence thereof with information and complete contact details of the new contact person designated.


 

SECURITIES AND EXCHANGE COMMISSION

 

CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17.1

 

 

 

1.
August 12, 2025

Date of Report (Date of earliest event reported)

 

2.
SEC Identification Number: PW-55

 

3.
BIR Tax Identification No. 000-488-793

 

4.
PLDT Inc.

Exact name of issuer as specified in its charter

 

5.
PHILIPPINES 6. (SEC Use Only)

Province, country or other jurisdiction Industry Classification Code of Incorporation

7.
Ramon Cojuangco Building, Makati Avenue, Makati City 1200

Address of principal office Postal Code

 

8.
(632) 8250-0254

Issuer's telephone number, including area code

 

9.
Not Applicable

Former name or former address, if changed since last report

10.
Securities registered pursuant to Sections 8 and 12 of the Securities Regulation Code and Sections 4 and 8 of the Revised Securities Act

 

Title of Each Class

Number of Shares of Common Stock

Outstanding and Amount of Debt Outstanding

 

 

 

 


 

PLDT INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

 

 

June 30,

2025

December 31,

2024

(Unaudited)

 

(Audited)

ASSETS

Noncurrent Assets

 

 

Property and equipment 326,937 318,069

 

39,111

 

As at June 30, 2025 and December 31, 2024 (in million pesos)

 

 

 

 

 

 

 

 

 

 

 

 

 

Right-of-use assets

40,473

 

 

Investments in associates and joint ventures

52,991

 

52,764

Financial assets at fair value through profit or loss

1,101

 

1,101

Debt instruments at amortized cost – net of current portion

350

 

370

Investment properties

5,535

 

3,000

Goodwill and intangible assets

64,396

 

64,464

Deferred income tax assets – net

10,906

 

14,643

Derivative financial assets – net of current portion

393

 

385

Prepayments and other nonfinancial assets – net of current portion

59,078

 

 61,929

Contract assets – net of current portion

361

 

485

Other financial assets – net of current portion

2,981

 

3,126

Total Noncurrent Assets

565,502

 

559,447

Current Assets

 

 

 

Cash and cash equivalents

10,837

 

10,011

Short-term investments

10

 

136

Trade and other receivables

31,215

 

31,612

Inventories and supplies

2,473

 

3,306

Current portion of contract assets

1,326

 

1,401

Current portion of derivative financial assets

8

 

30

Current portion of debt instruments at amortized cost

20

 

25

Current portion of prepayments and other nonfinancial assets

10,573

 

9,975

Current portion of other financial assets

756

 

831

 

57,218

 

57,327

Assets classified as held-for-sale

6,899

 

6,501

Total Current Assets

64,117

 

63,828

TOTAL ASSETS

629,619

 

623,275

 

EQUITY AND LIABILITIES

 

Equity

 

 

Non-voting serial preferred stock

360

360

Voting preferred stock

150

150

Common stock

1,093

1,093

Treasury stock

(6,505 )

(6,505 )

Capital in excess of par value

130,312

130,312

Retained earnings

41,854

33,901

Other comprehensive loss

(42,996 )

(43,892 )

Total Equity Attributable to Equity Holders of PLDT

124,268

115,419

Noncontrolling interests

1,143

1,316

TOTAL EQUITY

125,411

116,735

 

 


 

 

PLDT INC. AND SUBSIDIARIES

 

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (continued)

As at June 30, 2025 and December 31, 2024 (in million pesos)

 

June30,

2025

December 31,

2024

(Unaudited)

(Audited)

Noncurrent Liabilities

Interest-bearing financial liabilities – net of current portion

269,284

258,246

Leaseliabilities – net of currentportion

47,896

46,703

Deferred incometax liabilities – net

47

60

Customers’ deposits

2,005

2,046

Pension and other employee benefits

3,879

3,548

Deferred credits and othernoncurrent liabilities

7,013

7,475

Total Noncurrent Liabilities

330,124

318,078

Current Liabilities

Accounts payable

60,398

66,722

Accrued expenses and othercurrent liabilities

78,621

85,488

Current portion of interest-bearing financial liabilities

22,529

23,340

Current portion of leaseliabilities

7,869

7,335

Dividends payable

2,026

2,005

Current portion of derivative financial liabilities

526

97

Income tax payable

540

1,860

172,509

186,847

Liabilities associated with assets classified as held-for-sale

1,575

1,615

TotalCurrent Liabilities

174,084

188,462

TOTAL LIABILITIES

504,208

506,540

TOTAL EQUITY AND LIABILITIES

629,619

623,275

 

 

 


 

 

PLDT INC. AND SUBSIDIARIES CONSOLIDATED INCOME STATEMENTS

For the six months ended June 30, 2025 and 2024

(in million pesos, except earnings per common share amounts which are in pesos)

 

 

NET INCOME

18,178

18,517

9,114

8,624

 

Equity holders of PLDT

18,137

18,413

9,112

8,589

 

18,178

18,517

9,114

8,624

 

For the Six Months Ended

Three Months Ended

 

 June 30,

 June 30,

 

2025

2024

2025

 

2024

 

(Unaudited)

(Unaudited)

REVENUES FROM CONTRACTS WITH CUSTOMERS

Service revenues

106,308

103,443

52,887

 

51,248

Non-service revenues

3,266

4,140

1,410

 

2,111

 

Add: Interconnection costs

9,187

6,546

4,723

3,055

109,574 107,583 54,297 53,359

EXPENSES

General operating costs

37,972

39,745

19,121

20,469

Depreciation and amortization

26,043

24,281

13,042

12,639

Cost of devices, accessories and contract-specific services

5,958

6,845

2,592

3,592

Asset impairment

1,868

2,049

1,001

1,090

Total expenses before interconnection costs

71,841

72,920

35,756

37,790

 

 

 

 

 

 

81,028

79,466

40,479

40,845

 

 

 

 

 

 

28,546

28,117

13,818

12,514

 

 

 

 

 

OTHER EXPENSES — NET

4,868

3,814

1,944

1,403

 

 

 

 

 

INCOME BEFORE INCOME TAX

23,678

24,303

11,874

11,111

PROVISION FOR INCOME TAX

5,500

5,786

2,760

2,487

 

 

 

 

 

ATTRIBUTABLE TO:

 

 

 

 

 

 

 

 

 

Noncontrolling interests

41

104

2

35

 

 

 

 

 

Earnings Per Share Attributable to Common Equity Holders of PLDT

 

 

 

 

Basic

83.81

85.09

42.10

39.69

Diluted

83.81

85.09

42.10

39.69

 

 


 

 

 

 

 

(Php in mn)

PLDT Consolidated

First Half

2025

2024

% Change

 

 

Total revenues

 

 

109,574

 

 

107,583

 

 

2%

Service revenues (a)

106,308

103,443

3%

Expenses (b)

81,028

79,466

2%

Expenses excluding MRP and Interconnection costs

71,042

71,575

(1%)

MRP and Interconnection costs

9,986

7,891

27%

EBITDA (c)

55,532

53,936

3%

EBITDA Margin

52%

52%

 

Income before Income Tax

23,678

24,303

(3%)

Provision for Income Tax

5,500

5,786

(5%)

Net Income - Attributable to Equity Holders of PLDT

 

18,137

 

18,413

 

(1%)

 

Telco Core Income (d)

 

17,220

 

18,014

 

(4%)

 

 

 

(a) Service Revenues, gross of interconnection costs

 

Service Revenues, gross of interconnection costs

 

 

106,308

 

 

103,443

 

 

3%

Interconnection costs

9,187

6,546

40%

Service Revenues, net of interconnection costs

97,121

96,897

-

(b) Expenses include Interconnection Costs and MRP expenses

(c) EBITDA excluding the impact of MRP

(d) Net income as adjusted for the net effect of gain/loss on FX, derivative transactions, MRP, and share in Maya Innovations Holdings gains (losses)

 

 

 

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

This press release may contain some statements which constitute “forward-looking statements” that are subject to a number of risks and opportunities that could affect PLDT’s business and results of operations. Although PLDT believes that expectations reflected in any forward-looking statements are reasonable, it can give no guarantee of future performance, action or events.

 

For further information, please contact:

 

 

Jingay N. Nograles Sarah Azucena-Reodica

 

pldt_ir_center@pldt.com.ph corpcomm@pldt.com.ph

 

 

 

 

 

 

About PLDT

PLDT is the Philippines' largest fully integrated telco company. Through its principal business groups — from fixed line to wireless — PLDT offers a wide range of telecommunications and digital services across the Philippines’ most extensive fiber optic backbone, and fixed line and cellular networks.

PLDT is listed on the Philippine Stock Exchange (PSE:TEL) and its American Depositary Shares are listed on the New York Stock Exchange (NYSE:PHI). PLDT has one of the largest market capitalizations among Philippine — listed companies.

 

Further information can be obtained by visiting www.pldt.com

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

August 12, 2025

 


 

 

The Philippine Stock Exchange, Inc.

6/F Philippine Stock Exchange Tower

28th Street corner 5th Avenue

Bonifacio Global City, Taguig City

 

Attention: Atty. Johanne Daniel M. Negre

Officer-in-Charge – Disclosure Department

 

 

Securities & Exchange Commission

7907 Makati Avenue, Salcedo Village,

Barangay Bel-Air, Makati City

 

Attention: Atty. Oliver O. Leonardo

Director – Markets and Securities Regulation Department

 

Dear All:

 

In compliance with Section 17.1 (b) of the Securities Regulation Code and SRC Rule 17.1.1.1.3(b).2, PLDT Inc. (the “Company”) hereby submits a copy of SEC Form 17-C regarding the declaration of a regular cash dividend of P48.00 per outstanding share of Common Stock of the Company payable on September 10, 2025 to the holders of record as of August 28, 2025.

 

This submission shall serve as our compliance with the PSE’s Revised Disclosure Rules and the Securities Regulation Code.

 

Very truly yours,

 

/s/Mark David P. Martinez

Mark David P. Martinez

Assistant Corporate Secretary

PLDT Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

COVER SHEET

 

SEC Registration Number

P

W

-

5

5

 

 

 

 

 

 

Company Name

P

L

D

T

 

I

N

C.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Principal Office (No./Street/Barangay/City/Town/Province)

R

A

M

O

N

 

C

O

J

U

A

N

G

C

O

 

B

U

I

L

D

I

N

G

 

 

 

 

 

 

 

M

A

K

A

T

I

 

A

V

E

N

U

E

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

M

A

K

A

T

I

 

C

I

T

Y

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Form Type

 

 

 

Department requiring the report

 

 

 

Secondary License Type, If Applicable

 

 

17

-

C

 

 

 

 

 

 

 

 

M

S

R

D

 

 

 

 

 

 

 

 

 

 

 

 

 

COMPANY INFORMATION

 

Company’s Email Address

 

Company’s Telephone Number/s

 

Mobile Number

 

 

 

 

88168553

 

 

 

 

 

No. of Stockholders

 

Annual Meeting
Month/Day

 

Fiscal Year
Month/Day

 

 

11,326

As of July 31, 2025

 

Every 2nd Tuesday of June

 

December 31

 

CONTACT PERSON INFORMATION
The designated contact person MUST be an Officer of the Corporation

Name of Contact Person

 

Email Address

 

Telephone Number/s

 

Mobile Number

Marilyn A. Victorio-Aquino

 

mvaquino@pldt.com.ph

 

82500254

 

 

 

Contact Person’s Address

MGO Building, Legaspi St. corner Dela Rosa St., Makati City

 

Note: In case of death, resignation or cessation of office of the officer designated as contact person, such incident shall be reported to the Commission within thirty (30) calendar days from the occurrence thereof with information and complete contact details of the new contact person designated.

 

 


 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

CURRENT REPORT UNDER SECTION 17

OF THE SECURITIES REGULATION CODE

AND SRC RULE 17.1

 

 

 

1.
August 12, 2025

Date of Report (Date of earliest event reported)

 

2.
SEC Identification Number PW-55

 

3.
BIR Tax Identification No. 000-488-793

 

4.
PLDT Inc.

Exact name of issuer as specified in its charter

 

5. Philippines 6.____________ (SEC Use Only)

Province, country or other jurisdiction Industry Classification Code

of Incorporation

 

7. Ramon Cojuangco Building, Makati Avenue, Makati City 1200

Address of principal office Postal Code

 

8. (632) 8250-0254

Issuer's telephone number, including area code

 

9. Not Applicable

Former name or former address, if changed since last report

 

10.
Securities registered pursuant to Sections 8 and 12 of the Securities Regulation Code and Sections 4 and 8 of the Revised Securities Act

 

Title of Each Class

Number of Shares of Common Stock

Outstanding and Amount of Debt Outstanding

________________________________________________________________

________________________________________________________________

________________________________________________________________

 


 

11. Item 9 (Other Events)

 

We disclose that at the meeting of the Board of Directors of PLDT Inc. (respectively, the “Board” and the “Company”) held on August 12, 2025, the Board declared a regular cash dividend of P48.00 per outstanding share of Common Stock of the Company payable on September 10, 2025 to the holders of record as of August 28, 2025.

 

The cash dividend was declared out of the unaudited unrestricted retained earnings of the Company as at June 30, 2025, which are sufficient to cover the total amount of dividend declared.

 

Pursuant to the requirements of the Securities Regulation Code, the Company has duly authorized and caused this report to be signed on its behalf by the undersigned.

 

PLDT Inc.

 

By:

 

 

/s/Mark David P. Martinez

Mark David P. Martinez

Assistant Corporate Secretary

 

August 12, 2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 

August 12, 2025

 

The Philippine Stock Exchange, Inc.

6/F Philippine Stock Exchange Tower

28th Street corner 5th Avenue

Bonifacio Global City, Taguig City

 

Attention: Atty. Johanne Daniel M. Negre

Officer-in-Charge – Disclosure Department

 

 

Securities & Exchange Commission

7907 Makati Avenue, Salcedo Village,

Barangay Bel-Air, Makati City

 

Attention: Atty. Oliver O. Leonardo

Director – Markets and Securities Regulation Department

 

Dear All:

 

In compliance with Section 17.1 (b) of the Securities Regulation Code and SRC Rule 17.1.1.1.3(b).2, we submit herewith a copy of SEC Form 17-C regarding the declaration of a cash dividend on all outstanding shares of Series IV Cumulative Non-Convertible Redeemable Preferred Stock of PLDT Inc.

 

 

Very truly yours,

 

 

/s/Mark David P. Martinez

Mark David P. Martinez

Assistant Corporate Secretary

PLDT Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

COVER SHEET

 

SEC Registration Number

P

W

-

5

5

 

 

 

 

 

 

Company Name

P

L

D

T

 

I

N

C.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Principal Office (No./Street/Barangay/City/Town/Province)

R

A

M

O

N

 

C

O

J

U

A

N

G

C

O

 

B

U

I

L

D

I

N

G

 

 

 

 

 

 

 

M

A

K

A

T

I

 

A

V

E

N

U

E

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

M

A

K

A

T

I

 

C

I

T

Y

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Form Type

 

 

 

Department requiring the report

 

 

 

Secondary License Type, If Applicable

 

 

17

-

C

 

 

 

 

 

 

 

 

M

S

R

D

 

 

 

 

 

 

 

 

 

 

 

 

 

COMPANY INFORMATION

 

Company’s Email Address

 

Company’s Telephone Number/s

 

Mobile Number

 

 

 

 

 

 

 

 

 

 

No. of Stockholders

 

Annual Meeting
Month/Day

 

Fiscal Year
Month/Day

 

 

11,326

As of July 31, 2025

 

Every 2nd Tuesday of June

 

December 31

 

CONTACT PERSON INFORMATION
The designated contact person MUST be an Officer of the Corporation

Name of Contact Person

 

Email Address

 

Telephone Number/s

 

Mobile Number

Marilyn A. Victorio-Aquino

 

mvaquino@pldt.com.ph

 

82500254

 

 

 

Contact Person’s Address

MGO Building, Legaspi St. corner Dela Rosa St., Makati City

 

Note: In case of death, resignation or cessation of office of the officer designated as contact person, such incident shall be reported to the Commission within thirty (30) calendar days from the occurrence thereof with information and complete contact details of the new contact person designated.

 


 

SECURITIES AND EXCHANGE COMMISSION

 

 

CURRENT REPORT UNDER SECTION 17

OF THE SECURITIES REGULATION CODE

AND SRC RULE 17.1

 

 

 

1.
August 12, 2025

Date of Report (Date of earliest event reported)

 

2.
SEC Identification Number: PW-55

 

3.
BIR Tax Identification No. 000-488-793

 

4.
PLDT Inc.

Exact name of issuer as specified in its charter

 

5. PHILIPPINES 6.____________ (SEC Use Only)

Province, country or other jurisdiction Industry Classification Code

of Incorporation

 

7. Ramon Cojuangco Building, Makati Avenue, Makati City 1200

Address of principal office Postal Code

 

8. (632) 8250-0254

Issuer's telephone number, including area code

 

9. Not Applicable

Former name or former address, if changed since last report

 

10.
Securities registered pursuant to Sections 8 and 12 of the Securities Regulation Code and Sections 4 and 8 of the Revised Securities Act

 

Title of Each Class

Number of Shares of Common Stock

Outstanding and Amount of Debt Outstanding

________________________________________________________________

________________________________________________________________

________________________________________________________________

 


 

11. Item 9 (Other Events)

 

We disclose that at the meeting of the Board of Directors of PLDT Inc. (respectively, the “Board” and the “Company”) held on August 12, 2025, the Board declared a cash dividend of P12,420,000.00 on all of the outstanding shares of Series IV Cumulative Non-Convertible Redeemable Preferred Stock of the Company for the quarter period ending September 15, 2025 and payable on September 15, 2025 to the holder of record as of August 26, 2025.

 

The cash dividend was declared out of the unaudited unrestricted retained earnings of the Company as at June 30, 2025, which are sufficient to cover the total amount of the dividend declared.

 

Pursuant to the requirements of the Securities Regulation Code, the Company has duly authorized and caused this report to be signed on its behalf by the undersigned.

 

 

PLDT Inc.

 

 

By:

 

 

/s/Mark David P. Martinez

Mark David P. Martinez

Assistant Corporate Secretary

 

August 12, 2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 

 

August 12, 2025

 

The Philippine Stock Exchange, Inc.

6/F Philippine Stock Exchange Tower

28th Street corner 5th Avenue

Bonifacio Global City, Taguig City

 

Attention: Atty. Johanne Daniel M. Negre

Officer-in-Charge – Disclosure Department

 

 

Securities & Exchange Commission

7907 Makati Avenue, Salcedo Village,

Barangay Bel-Air, Makati City

 

Attention: Atty. Oliver O. Leonardo

Director – Markets and Securities Regulation Department

 

Dear All:

 

In compliance with Section 17.1 (b) of the Securities Regulation Code and SRC Rule 17.1.1.1.3(b).2, we submit herewith a copy of SEC Form 17-C regarding the declaration of a cash dividend on all outstanding shares of Voting Preferred Stock of PLDT Inc.

 

 

Very truly yours,

 

 

/s/Mark David P. Martinez

Mark David P. Martinez

Assistant Corporate Secretary

PLDT Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 

COVER SHEET

 

SEC Registration Number

P

W

-

5

5

 

 

 

 

 

 

Company Name

P

L

D

T

 

I

N

C.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Principal Office (No./Street/Barangay/City/Town/Province)

R

A

M

O

N

 

C

O

J

U

A

N

G

C

O

 

B

U

I

L

D

I

N

G

 

 

 

 

 

 

 

M

A

K

A

T

I

 

A

V

E

N

U

E

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

M

A

K

A

T

I

 

C

I

T

Y

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Form Type

 

 

 

Department requiring the report

 

 

 

Secondary License Type, If Applicable

 

 

17

-

C

 

 

 

 

 

 

 

 

M

S

R

D

 

 

 

 

 

 

 

 

 

 

 

 

 

COMPANY INFORMATION

 

Company’s Email Address

 

Company’s Telephone Number/s

 

Mobile Number

 

 

 

 

 

 

 

 

 

 

No. of Stockholders

 

Annual Meeting
Month/Day

 

Fiscal Year
Month/Day

 

 

11,326

As of July 31, 2025

 

Every 2nd Tuesday of June

 

December 31

 

CONTACT PERSON INFORMATION
The designated contact person MUST be an Officer of the Corporation

Name of Contact Person

 

Email Address

 

Telephone Number/s

 

Mobile Number

Marilyn A. Victorio-Aquino

 

mvaquino@pldt.com.ph

 

82500254

 

 

 

Contact Person’s Address

MGO Building, Legaspi St. corner Dela Rosa St., Makati City

 

 

 

 


 

SECURITIES AND EXCHANGE COMMISSION

 

 

CURRENT REPORT UNDER SECTION 17

OF THE SECURITIES REGULATION CODE

AND SRC RULE 17.1

 

 

 

1.
August 12, 2025

Date of Report (Date of earliest event reported)

 

2.
SEC Identification Number: PW-55

 

3.
BIR Tax Identification No. 000-488-793

 

4.
PLDT Inc.

Exact name of issuer as specified in its charter

 

5. PHILIPPINES 6.____________ (SEC Use Only)

Province, country or other jurisdiction Industry Classification Code

of Incorporation

 

7. Ramon Cojuangco Building, Makati Avenue, Makati City 1200

Address of principal office Postal Code

 

8. (632) 8250-0254

Issuer's telephone number, including area code

 

9. Not Applicable

Former name or former address, if changed since last report

 

10.
Securities registered pursuant to Sections 8 and 12 of the Securities Regulation Code and Sections 4 and 8 of the Revised Securities Act

 

Title of Each Class

Number of Shares of Common Stock

Outstanding and Amount of Debt Outstanding

________________________________________________________________

________________________________________________________________

________________________________________________________________

 


 

11. Item 9 (Other Events)

 

We disclose that at the meeting of the Board of Directors of PLDT Inc. (respectively, the “Board” and the “Company”) held on August 12, 2025, the Board declared a cash dividend of P2,437,500.00 on all of the outstanding shares of Voting Preferred Stock of the Company for the quarter period ending October 15, 2025 and payable on October 15, 2025 to the holder of record as of September 15, 2025.

 

The cash dividend was declared out of the unaudited unrestricted retained earnings of the Company as at June 30, 2025, which are sufficient to cover the total amount of the dividend declared.

 

Pursuant to the requirements of the Securities Regulation Code, the Company has duly authorized and caused this report to be signed on its behalf by the undersigned.

 

 

PLDT Inc.

 

 

By:

 

 

/s/Mark David P. Martinez

Mark David P. Martinez

Assistant Corporate Secretary

 

August 12, 2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 

Signatures

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly authorized and caused this report to be signed on its behalf by the undersigned.

 

 

 

PLDT Inc.

 

 

 

By : /s/Mark David P. Martinez

Name : Mark David P. Martinez

Title : Assistant Corporate Secretary

Date : August 12, 2025